GBP/USD: "V-Bottom" set up local correction
We’ve got a new low here. Even though, bears are likely going to move on, so we should keep an eye on the next support at 1.2849 – 1.2795 as an intraday target. Only if a pullback from this area happens, there’ll be a chance to see a local upward correction.
The price faced a support at 1.2877, so we’ve got a local consolidation. If we see a pullback from a resistance at 1.2933 – 1.2954, bears are likely going to deliver a new low. The next target is a support at 1.2849 – 1.2795.